E Market Briefing For Monday, April 16

Ironically, the Strike on Syria doesn't at this point (Saturday afternoon) change anything; providing there is verbal jockeying and no counterattacks coming from the Syrians. Basically they fired intercepting SAM's (surface-to-air missiles) without guidance; either because they're inept, or perhaps we used electronic countermeasures. I was pleased that it was a tripartite action rather than solo; and the results (which do not change the concern about a Shia Crescent concern at all.)

But for now; because it's impossible to ascertain what might occur prior to Monday's opening (perhaps nothing but chatter) let's focus on the market.

already-parabolic blow-off thrust; to proclaim ‘crash alert' conditions (a concern not that the market will ‘crash' as such, but that conditions were at that point favorable for greater risk of a breakaway downside move).

Print Friendly, PDF & Email
No tags for this post.

Related posts

Leave a Reply

Your email address will not be published. Required fields are marked *